Receives $2.4 Million Follow-On Order for Pro/ENGINEER Software and
Services from Steelcase Inc.
Steelcase Standardizes on PTC's Mechanical Design Automation
Software For Its Product Design and Development Activities
WALTHAM, Mass.--(BUSINESS WIRE)--September 1, 1994--Parametric
Technology Corporation (NASDAQ: PMTC) announced today that it has
received a $2.4 million follow- on order for software and services
from Steelcase Inc. of Grand Rapids, Mich. The vast majority of
this order reflects seats of Parametric Technology's Pro/ENGINEER
mechanical design automation software, which will be shipped to
Steelcase during PTC's current fiscal quarter.
Steelcase Inc. is the world's leading designer and manufacturer of
office furniture with sales exceeding $2.3 billion worldwide. The
company conducted an exten-sive evaluation of CAD/CAM technologies
prior to making its decision to stan-dardize on Pro/ENGINEER. The
newly ordered software will be used for product
design-through-manufacturing applications at various Steelcase sites
"We are pleased that Steelcase is expanding the use of our
technology to address its most sophisticated product development
challenges," said Steven C. Walske, chairman and chief executive
officer of Parametric Technology. "When industry leaders, such as
Steelcase, make the commitment to standardize on Pro/ENGINEER, that's
an excellent indication of our software's ability to help these
companies develop their products better, faster and more
John J. Gruizenga, senior vice president of quality and technical
services at Steelcase, added: "We are very pleased with our
Pro/ENGINEER installation and the productivity gains we have achieved
to date using this advanced mechanical design automation technology.
We are broadening our use of the software throughout our organization
because we view Pro/ENGINEER as a strategic means to reduce our time
to market while enhancing our product quality."
Parametric Technology's Pro/ENGINEER product family encompasses 30
application-specific modules that address the complete spectrum of
mechanical design-through-manufacturing activities. This parametric,
feature-based solid modeling technology is used throughout the
electronics, aerospace, automotive, and consumer products industries
by nearly 4,300 companies worldwide.
Parametric Technology Corporation has emerged as the leader in the
mechanical design automation industry. Its new generation of
CAD/CAM/CAE technology is revolutionizing the mechanical design
automation process with a market strategy that emphasizes
technological leadership, aggressive price/performance, hardware
independence, worldwide distribution, and extensive customer support.
Pro/ENGINEER is a registered trademark of Parametric Technology
CONTACT: Louis J. Volpe John Hudson
Parametric Technology Corp. Parametric Technology Corp.
(617) 398-5000 (617) 398-5000
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